Zscaler - ZS Stock Forecast, Price & News

Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Robert W. Baird cut their price target on Zscaler from $300.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday, May 27th. Cowen cut their target price on shares of Zscaler from $405.00 to $194.00 and set a "buy" rating for the company in a research report on Friday, May 27th. Barclays increased their price target on shares of Zscaler from $147.00 to $168.00 and gave the company an "equal weight" rating in a research report on Friday, May 27th. Guggenheim assumed coverage on Zscaler in a research report on Friday. They set a "buy" rating and a $233.00 price objective for the company. Finally, BTIG Research cut Zscaler from a "buy" rating to a "neutral" rating in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $246.22.

Zscaler Stock Down 1.7 %

ZS Stock traded down $3.11 during trading on Tuesday, reaching $178.60. The stock had a trading volume of 1,512,108 shares, compared to its average volume of 2,533,694. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.80. The firm has a fifty day moving average price of $158.19 and a 200 day moving average price of $193.45. The company has a market capitalization of $25.34 billion, a P/E ratio of -66.89 and a beta of 1.04. Zscaler has a 1-year low of $125.12 and a 1-year high of $376.11.

Zscaler (NASDAQ:ZS - Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The company reported ($0.61) earnings per share for the quarter, beating analysts' consensus estimates of ($0.63) by $0.02. The firm had revenue of $286.81 million during the quarter, compared to analyst estimates of $271.47 million. Zscaler had a negative return on equity of 58.37% and a negative net margin of 38.52%. Zscaler's quarterly revenue was up 62.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) EPS. On average, equities analysts anticipate that Zscaler will post -2.31 earnings per share for the current year.

Insider Transactions at Zscaler

In other news, insider Robert Schlossman sold 239 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total transaction of $35,850.00. Following the sale, the insider now directly owns 112,622 shares in the company, valued at approximately $16,893,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Robert Schlossman sold 239 shares of the firm's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total transaction of $35,850.00. Following the transaction, the insider now directly owns 112,622 shares of the company's stock, valued at $16,893,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Remo Canessa sold 5,010 shares of the company's stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $136.67, for a total transaction of $684,716.70. Following the completion of the sale, the chief financial officer now directly owns 262,388 shares of the company's stock, valued at approximately $35,860,567.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,710 shares of company stock worth $7,275,302. 20.30% of the stock is currently owned by insiders.